debt consolidation

[ detkuhn-sol-i-dey-shuhn ]

nounFinance.
  1. the combining of several smaller loans into a single new loan in order to obtain better terms, as a lower interest rate.

Origin of debt consolidation

1
First recorded in 1925–30

Words Nearby debt consolidation

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use debt consolidation in a sentence